How to Read Market Depth in TradingViewThis tutorial video covers what Depth of Market (Market Depth) is, how to read it, and how traders might use it.
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Order flow and DOM data reflect market participant activity but do not guarantee future price movement or execution certainty. These tools are best used as part of a broader trading strategy that includes risk management and market understanding.
Depthofmarket
S&P500 - MONTHLY FORECASTHello Traders!
The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us!
Sincerely yours, Powerful Traders.